You have probably seen the captivating ads from car insurance companies like Farmers and Liberty Mutual promising huge savings. So drivers just need to select the one with the best jingle, right?
It’s just not that simple, as there are a ton of unknowns like the amount of liability insurance you need, what level of deductibles you wish to have, and where you live in Toledo, that all impact the price you pay. The information below will cover the things that cause high insurance rates and will hopefully give you a jump start in finding the best auto insurance in Toledo.
The vehicle model that needs insurance is one of the largest considerations when consumers are trying to find affordable coverage for 4×4 vehicles. Vehicles with limited speed and performance, excellent safety ratings, or a low likelihood of having liability claims will cost significantly less to insure than high performance models. The data below presents insurance prices for a selection of the most economical vehicles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,250 |
| Honda Accord LX 4-Dr Sedan | $1,258 |
| Toyota Prius | $1,389 |
| Honda CR-V EX 4WD | $1,404 |
| Ford Edge SEL 2WD | $1,452 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,467 |
| Chevrolet Equinox LS AWD | $1,480 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,510 |
| Ford F-150 XLT Regular Cab 4WD | $1,533 |
| Honda Odyssey LX | $1,555 |
| Chevrolet Impala LTZ | $1,558 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,563 |
| Jeep Grand Cherokee Laredo 2WD | $1,621 |
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Prices do not factor in your specific Toledo, OH location which can impact rates considerably.
Looking at the rates, we can assume that models like the Ford Escape, Honda Accord, Toyota Prius, and Honda CR-V should be the most budget-friendly vehicles to insure for off-road vehicles.
Trying to buy low-priced insurance is confusing at best, and finding out which companies quote the best auto insurance rates for 4×4 vehicles will involve a bit more work. Each auto insurance company has a unique approach for determining prices, so we’ll take a look at the most affordable auto insurance companies in Toledo, OH.
Find the Cheapest Auto Insurance for 4×4’s
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $647 |
| 2 | Erie | $661 |
| 3 | Allied | $676 |
| 4 | Frankenmuth | $687 |
| 5 | Travelers | $712 |
| 6 | USAA | $733 |
| 7 | Merchants Insurance Group | $748 |
| 8 | Cincinnati Insurance | $779 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $812 |
| 11 | General Casualty | $829 |
| 12 | Central Mutual | $848 |
| 13 | State Farm | $885 |
| 14 | Hastings Mutual | $893 |
| 15 | Western Reserve | $932 |
| 16 | Westfield | $936 |
| 17 | Atlantic States | $940 |
| 18 | Auto-Owners | $968 |
| 19 | Progressive | $982 |
| 20 | Nationwide | $988 |
| Compare Rates Now Go | ||
Utica National has some of the best car insurance rates in Toledo at around $647 each year. Erie, Allied, Frankenmuth, and Travelers would also make the list of some of the cheaper Toledo, OH auto insurance companies.
In the rate table above, if you have coverage with Travelers and switched to Erie, you might see an annual savings of in the vicinity of $51. Policyholders with USAA might save as much as $72 a year, and Merchants Insurance Group customers might reduce rates by $87 a year.
To discover how much you can save, click here to start your custom quote or visit any of the companies below.
Remember that these premium estimates are averaged for all insureds and vehicles and do not take into consideration an exact zip code location for 4×4 vehicles. So the car insurance company that has the lowest price for you may not even be in the top 33 companies shown above. That helps illustrate why you need to compare as many prices as possible using your own driver and vehicle profiles.
Get discounts on Toledo car insurance
Insurance companies that provide policies for 4×4 vehicles may provide special discounts that can reduce rates by 30% or more if you meet specific eligibility requirements. A list of auto insurance companies and some of their more popular discounts are:
- State Farm may include discounts for Steer Clear safe driver discount, multiple autos, driver’s education, anti-theft, good student, and Drive Safe & Save.
- Farmers Insurance policyholders can earn discounts including bundle discounts, teen driver, mature driver, pay in full, youthful driver, good student, and alternative fuel.
- Progressive offers discounts including good student, online quote discount, multi-policy, multi-vehicle, and online signing.
- GEICO discounts include federal employee, driver training, membership and employees, seat belt use, and anti-theft.
- Auto-Owners Insurance may have discounts that include multiple vehicles, anti-lock brakes, safe vehicle, teen driver, paperless, group or association, and multi-policy.
- The Hartford has savings for vehicle fuel type, good student, air bag, defensive driver, bundle, anti-theft, and driver training.
- Farm Bureau offers discounts for multi-vehicle, youthful driver, safe driver, multi-policy, and renewal discount.
- USAA has discounts for military installation, annual mileage, driver training, safe driver, loyalty savings, good student, and multi-vehicle.
The illustration below visualizes the comparison of yearly insurance costs with and without discounts applied to the premium. The rates are based on a male driver, no accidents, no driving violations, Ohio state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with accident-free, safe-driver, anti-theft, passive restraint, claim-free, and marriage discounts applied. With discounts applied, the average amount saved each year on auto insurance for 4×4 vehicles is 27% or $295.
The example below demonstrates how deductibles can influence premium costs when getting quotes for cheap insurance for 4×4 vehicles. The rates are based on a married male driver, full physical damage coverage, and no other discounts are factored in.
In the chart above, a 30-year-old driver could lower their policy premium by $176 a year by increasing from a $100 deductible to a $500 deductible, or save $268 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, can cut up to $528 each year by selecting a higher deductible. If you make the decision to raise deductibles, it is a good idea to have additional funds in a savings account to satisfy the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Should you buy full coverage?
Buying cheaper auto insurance is important to the majority of drivers, and one way to lower the cost of insurance for 4×4 vehicles is to not buy comprehensive and collision coverage. The information below shows the comparison of car insurance costs when comparing full coverage to liability only. The rates are based on no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no other discounts are factored in.
Averaged for all age groups, physical damage coverage costs $1,601 per year over and above liability only. That may make you wonder if physical damage coverage is worth the money. There is no specific rule to stop paying for physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
There are some cases where buying only liability insurance is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
How to find the cheapest insurance for 4×4 vehicles
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching suggestions that can help drivers locate lower-cost car insurance.
- Accidents can significantly increase rates
- Pay for small claims rather than turning them in to your insurance company
- Get cheaper liability coverage by choosing a safer vehicle
- Pay lower rates with good credit
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Shop around and save
The last idea is particularly necessary, as was discussed in the prior article. Auto insurance prices change constantly, so don’t be afraid to buy from a new company if a better rate can be found.
Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that loyalty ends up costing money that could be spent on other things. In less than five minutes you could compare rates and find cheaper auto insurance for 4×4 vehicles in Toledo.
If you aren’t sure which coverage to buy and prefer to get help from a professional when trying to find lower insurance rates for off-road vehicles, the professional agents shown below are willing to answer your questions and help you decide which is the best policy.
To locate a Toledo car insurance agency by location nearest to you, click the button after the list.
- Park and Co Insurance
5749 Park Center Ct – Toledo, OH 43615 – (419) 474-8135 - Regan Insurance
3034 W Sylvania Ave – Toledo, OH 43613 – (419) 292-0001 - House of Insurance
5801 Telegraph Rd – Toledo, OH 43612 – (419) 476-8436 - Johnny Horn – State Farm Insurance Agent
457 S Reynolds Rd d – Toledo, OH 43615 – (419) 531-4800